SBI Q2 FY27 Net Profit Rises 14.3% to ₹23,038 Crore
State Bank of India (SBI) reported a 14.3% year-on-year increase in its standalone net profit at ₹23,038 crore for the second quarter of FY27. The country's largest public sector lender also recorded gross advances touching ₹52.08 lakh crore along with an improvement in asset quality metrics.
What happened
State Bank of India (SBI) has released its financial results for the second quarter (Q2) of the financial year 2027, ending September 30, 2026. The bank registered a standalone net profit of ₹23,038 crore, marking a 14.3% growth compared to ₹20,160 crore reported in the corresponding period of the previous fiscal year.
The strong financial performance was supported by robust growth in core income and advances. Gross advances for the public sector lender expanded to ₹52.08 lakh crore during the quarter under review, reflecting solid credit demand across various segments including retail personal loans and corporate advances.
Important dates
| Reporting Period Ended | 30 September 2026 |
|---|---|
| Announcement Date | 3 November 2026 |
📌 Static GK links
- State Bank of India Headquarters: Mumbai
- State Bank of India traces its origins back to the Bank of Calcutta, established in 1806, which later became the Imperial Bank of India before being nationalized as SBI in 1955 under the State Bank of India Act.
What candidates should do
- Aspirants preparing for banking exams like IBPS PO, SBI PO, and RBI Grade B must note the exact financial figures such as net profit, NII, and GNPA ratio for current affairs questions.
- Revise key banking terminology like Net Interest Income (NII), Gross NPA, and Net NPA to better understand quarterly earnings reports.
PrepZen analysis
SBI's Q2 FY27 performance highlights the resilient health of India's banking sector, driven by steady credit expansion and improved asset quality. The reduction in bad loans, evidenced by a low GNPA ratio of 1.39%, indicates sound risk management practices by the public sector behemoth. For banking exam aspirants, questions regarding quarterly profit figures, key financial ratios, and basic static GK about major public sector banks frequently appear in the general awareness sections of mains examinations.
Practice questions
Q1. What was the standalone net profit of State Bank of India (SBI) for Q2 FY27?
Q2. What was the Gross NPA ratio of SBI at the end of the second quarter of FY27?
Q3. Where is the headquarters of the State Bank of India located?
This marks a 14.3% year-on-year increase.
Net profit was ₹20,160 crore in the same period last year.
Gross advances stood at ₹52.08 lakh crore.
🎯 Key Point: SBI Q2 FY27 net profit rose to ₹23,038 crore, up 14.3%.
FAQs
What was SBI's net profit in Q2 FY27?
SBI reported a standalone net profit of ₹23,038 crore for Q2 FY27, which is a 14.3% increase compared to ₹20,160 crore in the same period last year.
What were the gross advances of SBI for Q2 FY27?
SBI's gross advances stood at ₹52.08 lakh crore at the end of the second quarter of FY27.
What was the Net Interest Income (NII) of SBI for Q2 FY27?
The Net Interest Income (NII) for Q2 FY27 was ₹49,143 crore.
What was the Gross NPA ratio of SBI in Q2 FY27?
The Gross NPA ratio of SBI stood at 1.39% for the quarter ended September 30, 2026.
Where is SBI headquartered?
State Bank of India is headquartered in Mumbai.
Sources and references
- thehindu.com (www.thehindu.com)
- indmoney.com (www.indmoney.com)
- fortuneindia.com (www.fortuneindia.com)
- investing.com (www.investing.com)
Prepared by PrepZen for exam preparation. Consult the linked sources for original announcements and current details. Corrections policy. Spotted an error? Write to prepzen.app@gmail.com.
Practice Quiz — 4 November 2026
Q1. Who has been appointed as the Interim Chief Executive Officer (CEO) of Equitas Small Finance Bank?
Q2. Which businesses of Deutsche Bank AG in India has Kotak Mahindra Bank acquired with CCI approval?
Q3. What was the standalone net profit reported by State Bank of India for the quarter ended 30 September 2026 (Q2 FY27)?
Q4. In which year were the three Presidency Banks (Bengal, Bombay, and Madras) merged to form the Imperial Bank of India?
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